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Comments: |
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1. We do add charges to account if sent to collections. |
2. A finance charge invoice is issued if the payment is beyond
terms. Finance charges are
billed only on bill paid beyond terms. |
|
3. As a factor, additional charges may accrue, but not to
delinquent payor. |
|
4. We threaten, but rarely charge. |
|
5. Have considered but no action to date. |
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6. Not booked until paid. |
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7. Rarely. |
8. We feel our inability to collect these charges would not be
worth the administrative cost it
would take to try to do so. |
|
9. I would like to do this. Are the others that are doing this
ensuring it is in a contract first? |
10. The interest and late fees are outlined in our credit agreement.
Most of the time they are used
on delinquent accounts to give our collections agency
bargaining room to get the invoice paid. |
|
11. Collectability is another matter - but we do show the charge. |
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 |
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Comments: |
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1. Charge penalty fees only when past due account is sent to
outside collections. |
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2. We threaten, but rarely charge. |
|
3. Only when placed with outside collection firm for 3rd party
collections. |
|
4. Not booked until paid. |
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5. After it is placed with a collection agency. |
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6. Would love to hear more about this. |
7. The interest and late fees are outlined in our credit
agreement.
Most of the time they are used on delinquent accounts
to give our collections agency bargaining
room to get the invoice paid. |
|
|
| Note on respondents:
37 total respondents. |
